Ask Terry Questions Loans/mortgage/retirement


By Terry Savage on September 15, 2017 | Financial Planning / Retirement

Terry, I currently have 26,000 in loans that I am ahead on paying by 2,000$. I have a mortgage that I split with my fiancé. And I have a Roth IRA that I was maxing out until I bought the house. No credit card debt. Question: I want to know what you would suggest to do regarding on where to put the chunk of my money? Should I put more down on my mortgage? Loans? Or retirement? Thanks John

Terry Says

What's the interest rate on each loan?  Are they fixed rates?  Is the interest deductible?   Those are the things you need to consider re the loans. And keep paying into the Roth.

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